Oasis CEO Liquidates $3.97 Million in Stock

Thomas B. Nusz cut his direct stake to 2.4% from 2.5%.

The top executive at Oasis Petroleum pulled the plug on a few shares, even as shares have retreated from an intraday price high reached in January.

From Nov. 26 to 28, Chief Executive, Chairman and President Thomas B. Nusz sold 130,000 shares of Oasis (ticker: OAS) for $3,969,866, or $30.54 each. Nusz reduced his direct stake to 2,284,340 shares of the energy explorer and producer, a 2.4% stake, down from 2.5%.